Search Results for: Bitcoin
No end in sight for Crypto sell-off as Bitcoin approaches $4,000
November 21st, 2018
Turmoil engulfed cryptocurrency markets again on Tuesday, with every major coin extending a rout that’s rocked confidence in the nascent asset class just as U.S. regulators try to close in on alleged fraud. Bitcoin fell as much as 13 ...
Bitcoin plunges below $6,000 to lowest level in more than a year
November 15th, 2018
Bitcoin is on the ropes again. Its price plummeted more than 10% on Wednesday, hitting its lowest level in more than a year. It’s now trading below $6,000, far from the heights it reached during its meteoric rise at ...
Former virtual currency trader fined over a million for Bitcoin and Litecoin fraud
November 12th, 2018
The Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against Joseph Kim (Kim), of Phoenix, Arizona, requiring Kim to pay more than $1.1 million for a fraudulent Bitcoin and Litecoin scheme. In the order, Kim ...
Mining bitcoin uses more energy than what’s needed to excavate gold, platinum or copper: study
November 8th, 2018
Extracting a dollar’s worth of cryptocurrency such as bitcoin from the deep Web consumes three times more energy than digging up a dollar’s worth of gold, according to researchers. There are now hundreds of virtual currencies and an unknown ...
Fake Elon Musk accounts on Twitter promote bitcoin scams, one collects $170K
November 7th, 2018
Several verified Twitter accounts have been hacked to impersonate Elon Musk on, Nov. 5, with one reportedly collecting almost $170,000. After compromising verified accounts, scammers changed the profile name and picture in order to pose as the Tesla CEO. ...
Bitcoin turns 10 — how it went from an abstract idea to a $100 billion market in a decade
November 1st, 2018
Ten years ago, as Lehman Brothers was declaring bankruptcy and the global economy was lurching into recession, the idea for an alternative currency was being quietly built online. Bitcoin went from an anti-establishment fad on the internet to a ...
Canadian Bitcoin Exchange ‘Hacked,’ Says All Funds are Gone
October 29th, 2018
A small Bitcoin exchange based in Alberta, Canada, has gone offline. Before their Twitter page went offline, MapleChange had announced on Twitter that they “ no more funds to pay anyone back.” In the way of an explanation, the ...
Bitcoin scams on the rise; How and Indian cryptocurrency trader almost lost two BTC
October 24th, 2018
A cryptocurrency user from India has almost lost two Bitcoins on LocalBitcoins. The attacker reportedly used sophisticated methods such as SMS spoofing, evidence tampering, and downright lying to the admins of Localbitcoins to facilitate the crime. The recent banking ...
Firm and CEO to pay more than $2.5 Million for fraudulent Bitcoin ponzi scheme
October 19th, 2018
A New York federal court has ordered New York corporation Gelfman Blueprint, Inc. (GBI) and its Chief Executive Officer Nicholas Gelfman of Brooklyn, New York, to pay in total over $2.5 million in civil monetary penalties and restitution in ...
Bitcoin price down despite sudden huge price surge
October 18th, 2018
Bitcoin’s (BTC) price is down 0.65 percent today as the leading cryptocurrency’s market capitalisation oscillated from highs of $114.4billion (£87million) to lows of $112.8billion (£99million) over the past 24 hours of trading. It has been a relatively soft few ...
